Browsing: L-2050 Fund

Q. I’d be interested to know your opinion on Dave Ramsey’s TSP advice of 60-80 percent going to the C Fund with the remainder split between the S and I funds. I know you always say without proper knowledge and analysis to select the closest L Fund to your life expectancy, but for young employees the closest fund (2050) for that only puts them in the mid-50s to 60s age range, which seems slightly conservative. Do you think his advice is too risky for youngsters hoping to be TSP millionaires?

Q. I became a federal employee in August 2012. Until recently, I was only contributing three percent of my income, but I was recently promoted and am able to contribute five percent. I have approximately $10,000 in my TSP and would like to retire in about 27 years (at which point, I will be 67). I’ve been contributing 95 percent to the 2040 plan and an additional five percent to the G Fund. Is this too conservative? The TSP is the only retirement account I have. Given the current market climate, what should my fund allocations be? My current salary is $63,722. I hope…